Shanghai's Hongqiao International Central Business District is witnessing a surge in major tech projects and business enterprises — fueled by a "great sci-tech innovation" initiative that aims to enhance regional industrial capabilities.
Midea's Global Innovation Park in the Hongqiao CBD has successfully completed its acceptance phase. Serving as the company's global headquarters, it's poised to accommodate about 10,000 top R&D personnel to reinforce its innovation leadership.
The topping-out ceremony for ITENG's Intelligent AI World has taken place. Spanning 29,000 square meters, the project is scheduled for completion in 2026, positioning itself as a pivotal digital ecosystem complex.
Global solar technology leader APsystems has inaugurated its Shanghai subsidiary in the Hongqiao CBD. With more than 50 percent of its workforce dedicated to research and development, along with 188 patents, it's poised to drive its technological innovation and business expansion forward.
The Hongqiao CBD has demonstrated robust growth momentum this year, with a 20.6 percent year-on-year increase in new enterprises, translating to over 40 companies registering each working day. Sci-tech companies constitute over 30 percent of the new entrants, underscoring the district's emphasis on innovation.
Moreover, its foreign investment has surged by 50.7 percent year-on-year and foreign trade has grown by 16.1 percent year-on-year, reflecting growing confidence in development prospects.
The achievements underscore Hongqiao's pivotal role as a key growth engine propelling Shanghai's industrial transformation through advancements in science and technology.
